Managerial economics can be defined best as

  • What is the best way to define managerial economics?

    “ - Managerial economics is a science that helps to explain how resources such as labor, technology, land, and money, can be allocated efficiently.
    As such, managerial economics focuses on decisions individuals make..

Managerial Economics can be defined as amalgamation of economic theory with business practices so as to ease decisionmaking and future planning by management. Managerial Economics assists the managers of a firm in a rational solution of obstacles faced in the firm's activities.

Why should you read Managerial Economics?

The intent of this book is to familiarize the reader with the key concepts, terminology, and principles from managerial economics

After reading the text, you should have a richer appreciation of your environment—your customers, your suppliers, your competitors, and your regulators


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